Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    223 Seminole Ave Palm Beach, FL 33480

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $6,000,000

    Residential land for redevelopment in mid-town Palm Beach.

    Property Features for 223 Seminole Ave

    General Information

    Standard status
    Active

    We can help!

    Listing Contact
    Franny Frisbie
    Franny Frisbie
    Source: Corcoran

    Listing Agent: Franny Frisbie

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land Redevelopment Opportunity

    This property presents a redevelopment opportunity on a mid-town street. Offered as-is, it can be combined with the adjacent property at 219 Seminole Ave for a combined R-C acreage of 0.27 acres (11,761 square feet). Individual lots measure 50x118. The seller owns a total of 6 lots. The property is located in close proximity to the beach, bike trail, places of worship, restaurants, shopping, The Breakers, and offers convenient access on and off the north bridge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Law Firm Building Supply Daycare Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Palm Beach
    County
    Palm Beach
    State
    Florida
    Longitude
    -80.0388055
    Latitude
    26.7222224

    Nearby Similar for Sale

    • $2,750,000
      1,276 SF

      Palm Beach Commercial Office Flex

      Renovated 1,276 SF office suite near Worth Avenue.
      249 Peruvian Ave, Palm Beach, FL 33480
      View Details
    • $835,000
      583 SF

      Palm Beach Commercial Condo

      Prime commercial/office space near The Royal Poinciana Plaza.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $2,995,000
      2,269 SF

      Palm Beach Commercial Condo Opportunity

      Interconnected commercial/office space near Royal Poinciana Plaza in Palm Beach.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $515,000
      357 SF

      Palm Beach Commercial Condo

      Premium commercial/office space near The Royal Poinciana Plaza.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $1,900,000
      1,329 SF

      Versatile Commercial Space in Palm Beach

      Commercial condo with valet, parking, and restaurant access near Plaza.
      44 Cocoanut Row, Palm Beach, FL 33480
      View Details
    • $7,500,000
      3,720 SF

      Palm Beach Income Property

      Income-producing 8-unit building, one block from the ocean.
      172 N County Rd, Palm Beach, FL 33480
      View Details
    • $2,000,000
      32.00 Acres

      32-Acre Farm on Highway 27

      32-acre farm with potential for RV resort or restaurant.
      80 State Rd, Palm Beach, FL 33440
      View Details
    • $10,900,000
      0.31 Acres

      Palm Beach Oversized Lot

      Rare opportunity to rebuild on an oversized lot in Palm Beach.
      1421 N Lake Way, Palm Beach, FL 33480
      View Details
    • $4,750,000

      Turn-Key Truck Services Center

      Truck services center on 4.5 acres in South Florida.
      Unincorporated, Palm Beach, FL 33430
      View Details
    • $320,000

      Profitable Mosquito Control Business

      Thriving mosquito control business in Palm Beach County with growth potential.
      Confidential, Palm Beach, FL 33480
      View Details
    • $550,000

      Profitable Frozen Yogurt Shop Business

      Profitable frozen yogurt shop with growth potential in Palm Beach.
      Confidential, Palm Beach, FL 33480
      View Details
    • $595,000
      4,323 SF

      Palm Beach Retail Opportunity

      Retail property available in Palm Beach, Florida.
      822 S County Rd, Palm Beach, FL 33480
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Residential land for redevelopment in mid-town Palm Beach.
    Where is this residential land & home lot located?
    The property is located at 223 Seminole Ave Palm Beach, FL.
    What is the asking price?
    The asking price for this property is $6,000,000.
    What are key features of this property?
    This property features: - R-C redevelopment opportunity in a desirable mid-town location.; - Potential to combine with adjacent property (219 Seminole Ave) for a larger .27 acre (11,761 SF) site.; - Enjoy close proximity to the beach, bike trail, restaurants, and shopping.
    (215) 353-8636
    Request Owner's contact information
    223 Seminole Ave Palm Beach, FL 33480
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    223 Seminole Ave
    Palm Beach, FL 33480
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    223 Seminole Ave Palm Beach, FL 33480
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Franny Frisbie
    Franny Frisbie
    Real Estate License ID: BK3290923 (FL)
    (215) 353-8636 (561) 655-9081
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!